Nigeria secures $1.95bn Loan from World Bank in 4 Months
…despite an outstanding debt of $38.8 billion as of June 2023 A total of $1.95 billion loan have been secured ...
Tag: Debt
Focus on issues driving N87trn Debt, IMF urges Nigeria
…insists debt’s still within moderate level ...gives tips on how Nigeria can get investment opportunities The International Monetary Fund (IMF) ...
Lagos records Highest Domestic Debt in Q2 2023 with N996.44bn
The National Bureau of Statistics has made a shocking revelation stating that Lagos State recorded the highest domestic debt in ...
Nigeria’s Debt hits N87.4 trillion in Q2 2023 – DMO
Nigeria’s total public debt doubled within a period of one year hitting N87.4 trillion in the second quarter of 2023, ...
Banks borrow N12trn from CBN in 8 Months
Commercial banks and merchant banks are increasingly depending on the Central Bank of Nigeria for liquidity as they have borrowed ...
N1.6tr recovered from Bad Debtors in 10 years – AMCON
Within 10 years of its existence, the Asset Management Corporation of Nigeria (AMCON) has said it recovered N1.6tn from bad ...
Togo, Benin Republic, Niger owe Nigeria $18.29m for electricity consumed in 2022
Three international electricity customers of Nigeria failed to remit $18.29 million for electricity consumed, as total value of electricity exported ...
Nigeria repays $500m Eurobond Debt
The Federal Government through the Debt Management Office (DMO) has redeemed a $500 million Eurobond on its due date on ...
Nigeria’s N6trn Debt is nothing to worry about – Expert
...Nigeria should be worried about the overall N55trn debt Nigeria’s debt profile to the World Bank of 6 Trillion Naira ...
FG spent $62.66m in railway debt servicing
The Federal Government spent $62.66 million to service railway-related debts in the first quarter of 2023, according to the external ...
